Special Opportunities Fund, Inc. (NYSE:SPE - Get Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 10,600 shares, an increase of 39.5% from the May 15th total of 7,600 shares. Currently, 0.2% of the company's stock are short sold. Based on an average daily trading volume, of 42,300 shares, the short-interest ratio is currently 0.3 days.
Institutional Trading of Special Opportunities Fund
Hedge funds have recently bought and sold shares of the stock. Quarry LP acquired a new position in shares of Special Opportunities Fund during the fourth quarter worth $44,000. Global Retirement Partners LLC acquired a new position in shares of Special Opportunities Fund during the fourth quarter worth $45,000. K2 Principal Fund L.P. acquired a new position in shares of Special Opportunities Fund during the fourth quarter worth $146,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Special Opportunities Fund by 41.7% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,542 shares of the closed-end fund's stock worth $227,000 after purchasing an additional 4,570 shares in the last quarter. Finally, NBC Securities Inc. increased its position in shares of Special Opportunities Fund by 106,333.3% during the first quarter. NBC Securities Inc. now owns 15,965 shares of the closed-end fund's stock worth $239,000 after purchasing an additional 15,950 shares in the last quarter. Hedge funds and other institutional investors own 35.60% of the company's stock.
Special Opportunities Fund Price Performance
Special Opportunities Fund stock remained flat at $15.10 during mid-day trading on Thursday. The company's stock had a trading volume of 11,294 shares, compared to its average volume of 42,780. The firm's 50-day moving average is $14.85 and its two-hundred day moving average is $14.97. Special Opportunities Fund has a one year low of $12.72 and a one year high of $15.87.
Special Opportunities Fund Dividend Announcement
The business also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.1098 per share. The ex-dividend date was Tuesday, May 20th. This represents a yield of 8.65%.
About Special Opportunities Fund
(
Get Free Report)
Special Opportunities Fund, Inc is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.
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